tru Independence LLC Decreases Holdings in Graphic Packaging Holding (NYSE:GPK)

tru Independence LLC decreased its position in Graphic Packaging Holding (NYSE:GPK - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 166,767 shares of the industrial products company's stock after selling 11,270 shares during the quarter. tru Independence LLC owned 0.06% of Graphic Packaging worth $4,529,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in GPK. Allspring Global Investments Holdings LLC lifted its position in Graphic Packaging by 24.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 14,800,425 shares of the industrial products company's stock valued at $437,945,000 after purchasing an additional 2,927,344 shares during the period. FMR LLC raised its position in shares of Graphic Packaging by 12.6% in the 3rd quarter. FMR LLC now owns 20,460,161 shares of the industrial products company's stock valued at $605,416,000 after acquiring an additional 2,294,688 shares during the period. Hennessy Advisors Inc. acquired a new stake in shares of Graphic Packaging in the 4th quarter valued at approximately $51,642,000. JPMorgan Chase & Co. raised its position in shares of Graphic Packaging by 8.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,610,233 shares of the industrial products company's stock valued at $313,957,000 after acquiring an additional 787,266 shares during the period. Finally, Ceredex Value Advisors LLC acquired a new stake in shares of Graphic Packaging in the 3rd quarter valued at approximately $11,079,000. Institutional investors own 99.67% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on GPK shares. Truist Financial increased their price target on shares of Graphic Packaging from $30.00 to $32.00 and gave the company a "hold" rating in a research report on Monday, January 6th. Wells Fargo & Company upgraded shares of Graphic Packaging from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $24.00 to $27.00 in a report on Monday, January 6th. Citigroup restated a "neutral" rating and set a $30.00 target price (down from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. Royal Bank of Canada dropped their target price on shares of Graphic Packaging from $35.00 to $34.00 and set an "outperform" rating on the stock in a report on Thursday, October 17th. Finally, StockNews.com cut shares of Graphic Packaging from a "buy" rating to a "hold" rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $32.37.

Graphic Packaging Stock Performance

GPK stock traded up $0.41 during midday trading on Monday, reaching $27.77. 1,514,138 shares of the company were exchanged, compared to its average volume of 2,219,496. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.73 and a quick ratio of 0.72. The business has a 50-day moving average price of $28.19 and a two-hundred day moving average price of $28.65. Graphic Packaging Holding has a one year low of $23.47 and a one year high of $30.70. The firm has a market capitalization of $8.33 billion, a price-to-earnings ratio of 11.87 and a beta of 0.85.

Graphic Packaging (NYSE:GPK - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $0.68 by ($0.04). Graphic Packaging had a return on equity of 28.26% and a net margin of 7.99%. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period last year, the firm earned $0.74 earnings per share. The company's revenue for the quarter was down 5.7% compared to the same quarter last year. Equities research analysts forecast that Graphic Packaging Holding will post 2.53 EPS for the current year.

Graphic Packaging Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, January 5th. Stockholders of record on Sunday, December 15th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend was Friday, December 13th. Graphic Packaging's dividend payout ratio is currently 17.09%.

Insider Transactions at Graphic Packaging

In related news, CAO Charles D. Lischer sold 12,000 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $29.65, for a total value of $355,800.00. Following the completion of the transaction, the chief accounting officer now owns 49,849 shares of the company's stock, valued at $1,478,022.85. The trade was a 19.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael James Farrell sold 25,900 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $28.99, for a total value of $750,841.00. Following the completion of the transaction, the executive vice president now directly owns 81,026 shares of the company's stock, valued at approximately $2,348,943.74. This trade represents a 24.22 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.20% of the company's stock.

Graphic Packaging Profile

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.